I just bought 1000 shares of Oldsmobile stock.
It won’t “end” until 8 more years when the climate emergency presents us with an existential crisis.
The markets have never been , in my 68 years of life, an affixed fixture of upward stairs.
There also has never been an affixed downward stairs, either.
The gamble is, which staircase looms iin the darkness of uncertainty.
I prefer to mingle with tangible p and l, vs. speculation on either, and at ‘x’ unknown percentage.
Why?
Because it works for those seizing power.
Rule #1: Buy low, high.
Rule #2: Don’t be greedy.
Rule # 2 should perhaps rule #1.
I’ve been quietly moving cash out of the market for the last year.
THE SKY IS FALLING!!! THE SKY IS FALLING!!! SELL SELL SELL!!!
Predictions like this will always come true.
The devil’s in the details.
This is exactly why investment is moving into cryptocurrency.
I have been urging friends and family to buy crypto for nearly a year, and some listened. Even if you don't trust BTC, ETH, XRP, DOGE, etc, allocate just 10% of your portfolio to it. You will thank me later when the dollar collapses.
People just cannot conceive how a Kamala regime would look. Open civil war, total crackdown on civil liberties, outright Marxist economic policies, dollar trashed and abandoned as peg currency, and Russia and China fully expanding now that Trump is off their necks. Crypto (and to some extent gold) is the only true hedge against this madness.
Bull markets always end eventually. For those who "buy and hold" mutual and index funds for the long term - I'm talking over decades - they do not need to worry about when a bull market is ending. Over time, any bear market will recover and then reach new highs in a new bull market.
During the bear markets, long term investors continue to buy shares, only they are now getting them at a lower price, so when the funds eventually go back up, they now have all the more shares to accumulate value on. This is the basic principle of dollar cost averaging.
For the long term investor, bear markets are a GOOD thing.
The Housing crash of 2008 involved just under 3% of all US homes getting foreclosed upon. Thanks to the Biden ban on foreclosures for Covid, once the ban is lifted, TEN percent of all US homes will be subject to possible foreclosure. It
is not going to be pretty.
If things get really, really ugly, I’d rather have several hundred Franklin’s in my leather wallet than whatever the equivalent value of bitcoin would be in my digital wallet.
Wonder if it will put a crimp on some of the D.C. tribe insider trading oh never mind.